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Purchase Property Homeowner Short Sales

We negotiate short sales on behalf of distressed homeowners and real estate professionals. Our team has many years of experience in title work and related real estate practices and enthusiastically offers our assistance to those considering a short sale on their property, but who lack the time and understanding of the process.

When assisting our clients on a short sale, the process typically entails the following steps:

  • Get a broker's price opinion
  • Oversee the listing and sale of our client's home
  • Negotiate with the lender(s) on behalf of our client, with the goals being acceptance of the short sale, minimal damage to our clients credit and avoidance of personal liability to the maximum extent possible
How we work on mortgage short sales:

We represent our clients to help make the best of a difficult situation.  We provide our services to negotiate the short sale and collect our fee at closing.  If the property does not close, we are not paid.

Our work involves a considerable amount of time and effort for each client we assist.  Presently, lenders do not employ enough staff to accommodate the flood of foreclosures and short sales that exists in the current marketplace.  Lenders will only work with someone who has their paperwork prepared   in precisely the right fashion.  Often, lenders are so busy that weeks can go by before they are able to return your call.  Distressed homeowners become frustrated and abandon the process, and lenders in turn make less money on the home via foreclosure sale.  No one wins.

At Purchase Property Short Sales, our staff is dedicated to assisting you in this difficult process.  We maintain consistent contact with your lender.  We understand that both you and your lender are in need of a solution and our top priority is navigating our client through what can be an overwhelming situation, while providing the lender and opportunity to earn more money on the home than they would in a foreclosure sale.

We will need the following documentation to work on a short sale transactions:

Short Sale Process Documents
  • Realtor listing agreement  (we will provide)
  • Authorization to release info to realtor on your behalf
  • Hardship letter  that tells your story
  • 2 years tax returns of all parties on note
  • 2 months pay stubs of all parties on note
  • Mortgage account number of defaulted note
  • Other account numbers you may have (2nd mortgage etc.)
  • Any correspondence from your lender concerning unpaid account
  • 3 months bank statements (checking, savings)
  • Financial information worksheet from the lender
*Please have all of this documentation so that we can get to work as soon as possible for you.
 
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